The Gilbert AZ Real Estate Market Report tells us that the local market is holding steady as of November 2015, although inventory levels still remain low, with many sellers choosing to wait to list their homes for sale until after the holidays.
Gilbert saw 369 new listings hit the market during the month of November, which was down 34.8% from October. This is to be expected for this time of year as we have entered the holiday season, however as we move closer to the New Year, we expect many of the numbers on the graph below to transition from red back into the green. The number of new contracts was 396 which was down 8.5% month over month. There were 278 homes that closed escrow (sold and recorded) during the month of November and that number was down from the previous month, falling 21.9%.
If you are a homeowner in Gilbert and you are thinking about selling your home, then you will be interested to know that the median home price in Gilbert has increased to $265,000 which is up 3.9% from November 2014 when the median price was $255,000. If you would like a FREE market analysis of your property, then please contact Keely Semon or fill out the form below, and she will be happy to provide you with detailed information on your home’s current value. If you are curious about what the home sold for down the street in your neighborhood, then please give Keely a call today at 480.220.1321!
If you are looking to buy a home in Gilbert, then the numbers below tell us that there were 947 active listings as of November. Single family homes range in price anywhere from $89,000 to $1,595,000 so there truly is a home available to suit almost every buyer and price point. The average days on market for a home in Gilbert was 62 which is still lower than the state average of 72 days.
If you have any questions about the information presented in this Gilbert AZ Real Estate Market Report, then please don’t hesitate to contact Keely Semon.
Keely is an experienced, local Realtor serving the areas of Gilbert, Chandler, Queen Creek and the surrounding communities in the East Valley. She would be honored to assist you on your real estate journey and help you to navigate the process of buying and selling AZ Real Estate.
Gilbert AZ Realtor
United Brokers Group